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Intangible Assets (Tables)
12 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Intangible Assets
Intangible assets at September 30 consisted of:
 20242023
(Millions of dollars)Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying AmountGross
Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Amortized intangible assets
Developed technology$15,827 $(8,094)$7,733 $15,080 $(7,023)$8,058 
Customer relationships5,513 (2,878)2,635 4,859 (2,521)2,338 
Patents, trademarks and other1,185 (682)503 1,130 (624)505 
Amortized intangible assets$22,525 $(11,654)$10,871 $21,069 $(10,168)$10,901 
Unamortized intangible assets
Acquired in-process research and development$44 $44 
Trademarks
Unamortized intangible assets$46 $46 
Reconciliation of Goodwill by Business Segment
The following is a reconciliation of goodwill by business segment:
(Millions of dollars)MedicalLife SciencesInterventionalTotal
Goodwill as of September 30, 2022$10,909 $888 $12,824 $24,621 
Divestitures and related adjustments (a)— — (218)(218)
Purchase price allocation adjustments (b)13 — — 13 
Currency translation33 64 105 
Goodwill as of September 30, 2023$10,955 $897 $12,670 $24,522 
Acquisitions (c)1,833 — — 1,833 
Currency translation43 59 109 
Goodwill as of September 30, 2024$12,832 $904 $12,729 $26,465 
(a)Represents goodwill derecognized upon the Company’s sale of its Surgical Instrumentation platform, as further discussed in Note 2.
(b)The purchase price allocation adjustments were primarily driven by an adjustment to tax-related balances recorded upon the finalization of the Parata acquisition allocation within one year of the transaction's closing.
(c)Represents goodwill recognized in the Medical segment upon the Company's acquisition of Advanced Patient Monitoring, which is further discussed in Note 11.